Why move to Ingersoll?

A better lifestyle, a shorter commute, an affordable, spacious new home with room for the family to grow, a smaller, tight-knit community, a dynamic town, job opportunities with local and national companies, a flourishing local economy, friendly residents and safe neighbourhoods - what more could one ask?

New Homes

New houses in Ingersoll offer you and your family the best of Ontario living because our community truly cares about the quality of the homes we build, their appeal, and most importantly, how great they feel to live in.

5 mins to Everywhere!

Ingersoll has everything you need for a relaxed, healthier lifestyle, all within five minutes of your new home’s front door. There is a wide choice of shops, services, restaurants, events, sports, and schools, all easily reached without having to deal with stressful and time-consuming traffic jams and traffic lights, and you’ll even enjoy the scenic and charming views!.

Or just a better lifestyle with more time with your family and less time on the highway?

Discover Living in Ingersoll, the town that's easy to reach and great to live in, with open spaces, parks, great schools, unique shops, job opportunities, and so much to do all year round, it's called Festival Town Ontario.

If you already commute to Woodstock or London, the “Ingersoll Advantage” is clear; less time on the highway, more time at home, saving you time, fuel and hassle. Ingersoll lies just off exits 216 and 218 of highway 401, and from the exit, you can leave the traffic behind and be parked in your driveway within ten minutes. You’re close to the highway and amenities, but tucked away just enough to give you a sense of escape from the hustle and bustle.

Best of all, Ingersoll has space to grow. You can buy a new home here in Ingersoll and get more space, more style and more property for your dollar. The best new homes developers work together to offer a superb range of quality homes for sale in Ingersoll in desirable locations, including beautifully designed single family homes.

Ingersoll has superb facilities and a town council and residents that care about their community, so you can rest assured that your new home in Ingersoll will only become more desirable as your family grows too!

Canadian Home Builders Association Special Bulletin: Some Fixes to Recent Mortgage Insurance Rule Changes

As you are aware, on October 3rd, Finance Minister Morneau announced a tightening of rules on mortgage insurance.

CHBA is concerned that these new rules go too far, and will harm markets that are already challenged while doing little to address the ongoing supply pressures evident in stronger markets. We are also concerned that these changes will disproportionately affect first-time homebuyers working hard to achieve home ownership.

Going forward we will continue to press the government to rethink their approach and recognize the need for a more constructive approach to addressing lender and insurer risks.

In the short-term, after reviewing the changes carefully, CHBA informed the government that some details included in the October 3rd rule changes were flawed. We have been actively pushing the Department of Finance to address these flaws quickly. Specifically, some elements of the new rules were creating uncertainty for builders, and buyers, with signed deals for homes to be delivered many months or years in the future.

Late on Friday, October 14th, we were informed that a number of our recommended changes were being made, and an updated Technical Backgrounder reflecting these changes is now available on the Department of Finance website.

We want to make sure you are aware of these latest changes. Please review the Department’s Technical Backgrounder for complete details.A quick summary of key changes made on Friday are as follows:

The effective date for high-ratio mortgages has been move from October 3rd to October 17th. This means that any home buyer who signed a purchase agreement prior to October 17th will be subject to the previous rules, where a stress test is not required if the buyer opts for a five-year, fixed-rate mortgage. In such cases, the actual contracted mortgage rate would be used for the stress test, as had been the case prior to the Minister’s announcement. This exemption does not have an end-date, so any purchase agreements in place prior to October 17th are protected from the new rules.

Homeowners with an existing high-ratio insured mortgage, including those renewing or transferring their mortgage to another lender, are now not affected by the new rules, as high-ratio mortgage insurance spans the life of the mortgage. They will be qualified under the ‘old’ rules.

For low-ratio mortgages where the lender (not the borrower) seeks portfolio insurance, the new rules now exempt mortgages where there was a legally binding agreement of purchase and sale in place prior to October 17th, for the property against which the loan is secured. So these home buyers should not be affected by the new rules, including stress testing.

There is also a similar exemption where a mortgage insurance application was received; or, the lender made the loan or made a legally binding commitment to make the loan; or, the borrower entered into a legally binding agreement of purchase and sale for the property against which the loan is secured during the period beginning on October 17, 2016 and ending on November 29, 2016, provided that the loan is funded (the deal closes) before May 1, 2017.

It is good that the Department recognized the specific flaws in the rules announced October 3rd, as pointed out by CHBA, and has taken action to correct them.

Longer-term, these changes do not address the larger underlying challenges that these new rules will cause—locking even more first-time buyers out of home ownership and potentially destabilizing impacts in many housing markets across Canada. CHBA continues to engage the government accordingly.